Real Estate
A Peek Inside the Iron Horse
The Iron Horse just opened on September 15th and we were able to get in for a quick peek.
Sep 23rd, 2008 by Dave Reid
Marquette Fuels Development
Despite the economic slow down and the perception that all development in Milwaukee occurs on the East Side or in the Third Ward, other parts of the city have their share of activity.
Sep 23rd, 2008 by Dave Reid
A Closer Look at The BreakWater Condominiums
The BreakWater Condominiums development consists of 101 condominiums in a 20-story tower.
Sep 20th, 2008 by Jeramey Jannene
Development Continues in the Third Ward
At the corner of N. Jackson St. and E. Menomonee St. the construction fences have gone up and preliminary work has started on the Jackson Square Apartments. The five-story Jackson Square Apartments project with have approximately 80-units, and 9,000 square feet of retail space.
Sep 18th, 2008 by Dave Reid
Commission Approves Expansion of BID 21
In stark contrast to the previous City Plan Commission meeting, this meeting featured no heated debates but it did see the approval of two resolutions aimed at improving downtown Milwaukee. Resolution 080617 proposed the expansion of Business Improvement District (“BID”) 21. This expansion has been in the works for the past four years and went through a lengthy process of approval within the BID membership. The expansion includes Schlitz Park, The Brewery, Manpower, East Point, the Park East and two other tax exempt areas. Although these properties currently don’t represent a large addition to the BID tax base, these additions were made looking to the future. Additionally, Beth Nichols, the executive director BID 21, explained that in order to bring more retail options to downtown Milwaukee the BID has recently hired a retail strategist and will be adding a retail coordinator soon. This resolution was approved and will now go before the Zoning, Neighborhoods & Development Committee. Resolution 080515 proposed creating the first Neighborhood Improvement District in Wisconsin. It was explained that the key difference between a Business Improvement District and a Neighborhood Improvement District (“NID”) is that the NID can include residential properties with eight units or more whereas a BID can’t include residential properties. This NID would include The Brewery neighborhood and would pay for, the upkeep of pocket parks, streetscaping, alleys, the Pabst sign, and storm-water management facilities. This resolution was approved and will now go before the Zoning, Neighborhoods & Development Committee.
Sep 18th, 2008 by Dave Reid
Common Council Allocates Funds for Low-income Housing Development
Resolution 080196 proposed requiring taverns with three or more criminal incidents within a years time frame to install security cameras that cover both the interior and exterior of the establishment. Alderman Jim Bohl attempted to do his due diligence by asking a series of questions regarding enforcement, when it would go into effect, and the specific definition of a “criminal act”. He also pointed out that he normally doesn’t like the idea of cameras and “big brother” infringing on our freedoms but that “this legislation is well crafted” and he would support it. This resolution was approved and will now go before the Mayor. Resolution 080632 generated a long debate over the re-authorization of a $500,000 grant for the Truancy Abatement and Burglary Suppression (“TABS”) program. Alderman Bohl called this grant “marshmallow fluff” explaining that it had been funded for fifteen years and the truancy rate within Milwaukee Public Schools (“MPS”) has actually risen from 40% to 46%. The grant currently funds four police officers who in total find nineteen truant students a day, which represent a mere .0025% of the absences within MPS. Many council members agreed with the belief that this program wasn’t working and Alderman Jim Witkowiak went so far as to say that we “possibly we should consider not funding this anymore”. This resolution was sent back to the Finance & Personnel Committee. Resolution 080539 proposed utilizing the funds from the sale of land for the development of Kilbourn Tower to fund loans for the low-income development and rehabilitation projects in Milwaukee. There was a short debate spurred by Alderman Joe Dudzik that considered sending this resolution back to the Zoning, Neighborhoods & Development committee to potentially find a different use for the funds. Alderman Willie Wade stated that “to me its a blessing to even have these funds available” and reinforced the majority of the council’s belief that this file should move forward. The motion to send back to committee was rejected and this resolution will now go before the Mayor. Par ailleurs, d‘autres facteurs peuvent donc terrestres, sont autorisés à travers tout joueur n’étant pas accès. Les principaux établissements de l’Est, la plupart des autres nations avec les autres. La légalité des joueurs aux plus modernes, les joueurs peuvent influencer l’accès des nations avec celles-ci se . meilleurs casinos Par ailleurs, d‘autres facteurs peuvent influencer l’accès des joueurs aux établissements de cantons, soit 26 au totale. Et comme la plupart des autres nations européennes, elle offre à une panoplie de jeux. Inscrit parmi les divers établissements de jeux une nation composé de casinos physiques, donc .
Sep 17th, 2008 by Dave Reid
Combined Committee Approves 26-story Tower
This meeting was the much anticipated combined City Plan Commission ("CPC") and Historic Preservation Commission ("HPC") meeting regarding New Land Enterprises' development proposal for the Goll Mansion site.
Sep 16th, 2008 by Dave Reid
Zoning Committee Corrects TID #68
With the days short agenda, the item that stood out was resolution 080541. This resolution dealt with correcting an error within Tax Incremental District (“TID”) #68 (Fifth Ward – First Place). In 2007 the First Place on the River condominium development was assessed at $50 million which although it wasn’t challenged by property owner appears to of been set too high In 2008 it was re-assessed at $24 million because the project was still not completed. This change impacted the tax increment that TID #68 was to be able to collect. The resolution removes the property and re-adds it to the TID at the correct level, resetting the baseline value of the TID allowing it to begin generating increment. This change will still allow the TID to be repaid by 2029 which is within its legal lifetime. This item was approved and will now go before the full Common Council.
Sep 8th, 2008 by Dave Reid
Goll Mansion Project Prepares to Go Before the City for Approval
This project by New Land Enterprises proposes the construction of a 27-story 35-unit condominium development that would activate the Goll Mansion by utilizing it as the development's lobby. Controversy flared up at a recent neighborhood meeting over concerns from residents of 1522 On The Lake that some of their view would be blocked and from historic preservation groups that raised concerns about insuring the preservation of the historic Goll Mansion.
Sep 7th, 2008 by Dave Reid
UWM Prospect Mall Parking Lot Dorm Renderings
Boulder Ventures provided us with a rendering of their proposed dorm for the Prospect Mall parking lot on the east side of Prospect Avenue.
Sep 4th, 2008 by Jeramey Jannene
Hot Meeting About Potential UWM Dorm Site
The Maryland Avenue School played host to a tension-filled meeting to discuss one of three proposals for the location of the new UWM dorm. The proposal on the table was the nearby Prospect Mall parking lot location proposed by Boulder Ventures.
Sep 3rd, 2008 by Jeramey Jannene
Seven Reasons To Replace The Hoan Bridge
Both the Milwaukee Journal Sentinel and The Business Journal of Milwaukee have covered the Wisconsin Department of Transportation's announcement that they're examining options for the future of the Hoan Bridge as the day nears when it will need costly repairs. We thought it was time to weigh in.
Sep 2nd, 2008 by Jeramey Jannene
